We have to reverse the CGST Credit of Rs 82000/- due to non payment within 180 days. But we only have 20000 credit in CGST Ledger. Can we adjust IGST Credit to reverse the CGST liability. Kindly guide.

Santosh Patil

Dear Experts,
1 A company is remitting the INR towards purchase of USD from a registered forex dealer.
2 The query
a.Can a company make the payment towards foreign currency purchase on behalf of the whole time director,employee or officer?
b.Can a company make the payment towards foreign currency purchase on behalf of third person, who is not related to his business?
c.Shall these individuals purchase the foreign currency for the purposes, which are not covered under scope of Liberalised Remittane Scheme?
d.Shall these individuals purchase and hold more than USD 2000.00?
e.Board resolution is required?
f.Any other statutory compliances are to be taken care before purchase?
3 Pls clarify

SIR

I HAVE RECEIVED A INTIMATION OF TAX LIABILITY UNDER ABOVE SAID SECTION.

KINDLY ADVICE ME THAT WHAT I HAVE TO DO AND WHAT I HAVE TO GIVEN REPLY.

AWAITING YOUR REPLY

KAPIL

Dear Sir/Ma'am,
Actually, I want to some doubt clear with you, I have finalized my pvt ltd company books of account and My auditor have aleardy passed some provision entries in my books of accounts as on 31-03-2023(2022-23). Auditors have pass the the some provision entry in my books of Accounts.
Audit fees Dr. 100000.00
To Tds on Audit fees Cr. 10000.00
To Audit fees Payable Cr 90000.00
(Provision due for the year)
Please clear my point what is the releveance of entry as of now going of month october, 2023 and my auditor giving me the bill of Rs. 1 lac (no charge the gst in the invoice)
So, now this month What kind of entry passed in my books of account in this related provision and and which month & Quarter i deposited the Tds amount and return (2023-24).
can i have to file the tds return third quarter 2023-24 nethier 2022-23 quarter-4.
Please assist us for giving me the pratcikal example.
Please

Dear Experts,

Kindly let me know whether Cost accountant can Conduct Transfer Pricing Audit

In GSTR 3B , temporary reversal amount is shown in permanent reversal. Please suggest how to rectify this issue in GSTR 3B.

Thanks in advance.

for asst.2122, 10ac registration details are not required to be stated in itr7. only very old income tax registraion details were required.

, yet 143(1) rejeected my exemption simply because, i didnt write 10ac registration details in itr7.

can anyone tell me , was 10ac required in asst. 2122?

matter is in appeal now.
regards, ca kunjan
(my view--only from asst.2223, 10ac registration deatsils were to besatted in page 1 of itr7)

My parents who are senior citizens have failed to avail the benefit under 80 TTA - this is because of lack of knowledge- Is there a way I can claim this now for the past years. I do not think rectification allows it.

Sir, I am a Director of a Private Limited Company. Recently we purchased few Compnay required items from Alibaba.com. We used the Imp /Ex Code of the Company. I used my personal Credit Card to make a pmt of about US$ 3250. To complete the transaction with my Bank I have provided all the required details like Invoice, Payment , Delivery, etc to the Bank. They are not closing the transaction stating that Director Cannot make payment on behalf of the Company. Please advise.

Hello everyone,

a company received notice u/s. 276B for delay in payment of TDS during covid.

Reason for delay was work from home.

Department has asked for evidence that employees were working from home .

we have mail from HR team on two occassion but 3rd and 4th work from home was declared verbally.

can we prepare and submit board resolution for each instance of work from home ?
will that be accepted by the department ??